Canada’s boat builders brace for federal government’s proposed ‘luxury tax’

February 3rd, 2022

The Canadian government’s proposed luxury tax on new boats valued at CA $250,000–originally scheduled to take effect January 1, 2022–is expected to be fully implemented in the weeks to come, according to the National Marine Manufacturers Association (NMMA) website. A spokesperson for Canadian Finance Minister Chrystia Freeland confirmed recently that the government will release draft […]

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2020 Canadian export and import report now available

January 6th, 2022

The National Marine Manufacturers Association’s (NMMA) 2020 Recreational Boat and Marine Engine Exports & Imports report is now available as a part of the 2020 Canadian Boating Statistical Abstract. This section examines recreational boat and marine engine exports and imports from and to Canada from 2011 to 2020. Key insights from the report include: Recreational […]

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Canadian luxury tax proposed

April 28th, 2021

Canadian news outlets are reporting that a proposed federal budget set to go into effect Jan. 1, 2022, includes a tax on luxury items, such as boats that retail for more than CAD250,000 ($200,000), according to the Trade Only Today online news site. If approved, the budget document cited by CTV News projects a CAD604 […]

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Discover Boating Canada launches new COVID pages

June 4th, 2020

With news of Canada’s pleasure boating restrictions being lifted and the season ramping up, has launched two new pages to help Canadian boaters find the latest information on enjoying boating while navigating COVID-19 guidelines. Boating During COVID-19 features guidelines set by Transport Canada and includes helpful, printable infographics for National Marine Manufacturers Association (NMMA) […]

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New NMMA study shows recreational boating contributed significantly to Canada’s economy in 2016

May 17th, 2017

The National Marine Manufacturers Association (NMMA) Canada released a new study outlining the economic impact of recreational boating in Canada. In 2016, the influence of the recreational boating industry in Canada resulted in revenues estimated at $10 billion that generated $5.6 billion in GDP and supported nearly 75,000 jobs throughout the country. The study’s release coincides […]

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